Answer:
The Answer is given below
Explanation:
a. Common Stock $600,000
b. Paid in capital in excess of par value $180,000
c. Retained Earnings= ($200,000-($600,000*15%))=$110,000
d. Total Stockholders' Equity= $180,000+$600,000+$110,000=$890,000
Please note that dividend is paid on par value which is $10*15%=1.5 per share.
Total shares*dividend per share=total dividend paid
1.5*($600,000/10)=$90,000
or $600,000*15%=$90,000
Therefore dividend of $90,000 is deducted from retained earnings
